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Mar 25, 2013
03/13
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FOXNEWSW
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how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. they can't negotiate contracts because a lot of them are involved in a roundabout way with the contracts originally put forth. he'll come in and say listen you're going to cut the spending right here or we are going bankrupt. he's come out and said i've been through bankruptcy before i'm okay going through it again in detroit. >> reverend jesse jackson calling for massive demonstrations gains him today. we'll see what happens. bill: new developm
how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor...
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Mar 25, 2013
03/13
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KRON
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and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in orange park on memorial drive and a third was started near the 500 block of el camino real. fiske all three fires were quickly extinguished and caused little damage, police said. no suspect information was immediately available. police search for arsonist this weekend police said two fires were lit in orange park on immediately available. the san mateo county sheriff's office is warning rash of 'door-knock' burglaries that have occurred in residential neighborhoods around san according to the sheriff's office, potential burglars have been approaching homes and knocking
and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police...
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Mar 25, 2013
03/13
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KPIX
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed...
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Mar 25, 2013
03/13
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KTVU
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell over the weekend. in parts of denve
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened...
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Mar 25, 2013
03/13
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FOXNEWSW
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brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out an
brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe...
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Mar 26, 2013
03/13
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FOXNEWSW
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county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining there, you're exactly right. the only way you stop this is with taxpayers. you know what? bill, there are several instances where taxpayers have voted on the ballot to put a clamp on these out of control pensions. so there is some movement in the right direction with people saying look, we want money to go for schools, not pensions. bill: is there anything in california that addresses perhaps renegotiating these contracts. >> bankruptcy. that is what keeps happening again and again. >> that's right. >> only way to deal with this and break these contracts is eventually to go into bankruptcy when the county can't
county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining...
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Mar 24, 2013
03/13
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KTVU
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in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the hardest. >>> the home improvement chain lowe's is accused of discrimination in san francisco. lowe's opened a shore on bayshore boulevard in 2010 but the chronicle is reporting that six current and former employees have filed a lawsuit. they say lee's hired minority employees to comply with a agreement that allowed that store to be built. however, they say the management fired those employees once the store opened. lowe's declined to comment but has insisted that it is in full compliance with city regulations. >>> the city of san jose is expected to approve adds 7 million incentive for samsu
in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the...
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Mar 26, 2013
03/13
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FOXNEWSW
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a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is gone. they dug themselves into an amazing hall. what happened was you had a situation where you had typical government spending particularly at a local level which by the way sofpb more outrageous -- is often more outrageous than what we see in washington, d.c. combine that with the steroids of a housing boom. the average house there went from $100,000 to $400,000. from 2000 to 2006, talk about a county and city feeling flush. they made am mazing obligations and amazing promises. they built a hockey arena. they thought they would have a semi prosports league. >>steve: sky was the limit
a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is...